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Troutman Pepper Weekly Consumer Financial Services Newsletter - February 2024 | Troutman Pepper

To keep you informed of recent activities, below are several of the most significant federal and state events that have influenced the Consumer Financial Services industry over the past.

Denver crypto pastor touted his currency at Zambian church conference instead of attending court hearing

A Denver pastor accused of stealing $1.3 million from investors apparently attended a church conference in Zambia where he gave sermons on God and his cryptocurrency after missing a Monday court hearing.

Judge freezes accounts of pastor who sold worthless INDXcoin

A judge in Denver, Colorado, ordered the financial accounts of a pastor and his wife frozen after they sold $3.2 million in a worthless cryptocurrency to their Christian followers, then pocketed $1.3 million for their personal use, characterizing their actions as “unmitigated greed." 

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